CanWel Building Materials Group (TSE:DBM)‘s stock had its “buy” rating restated by equities research analysts at CIBC in a report issued on Tuesday, PriceTargets.com reports. They presently have a C$9.00 target price on the stock. CIBC’s price target would indicate a potential upside of 35.54% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Raymond James decreased their price target on shares of CanWel Building Materials Group from C$13.50 to C$10.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 18th. National Bankshares reduced their target price on shares of CanWel Building Materials Group from C$13.50 to C$12.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 18th. Royal Bank of Canada reissued an “outperform” rating and issued a C$12.00 target price on shares of CanWel Building Materials Group in a research note on Tuesday, August 17th. Haywood Securities reduced their target price on shares of CanWel Building Materials Group from C$13.50 to C$12.50 and set a “buy” rating on the stock in a research note on Tuesday, August 17th. Finally, Canaccord Genuity downgraded shares of CanWel Building Materials Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$12.00 to C$7.50 in a research note on Wednesday, August 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CanWel Building Materials Group currently has a consensus rating of “Buy” and a consensus target price of C$10.79.
Shares of TSE:DBM traded up C$0.06 during midday trading on Tuesday, reaching C$6.64. 185,426 shares of the company were exchanged, compared to its average volume of 314,454. The company has a current ratio of 3.05, a quick ratio of 1.34 and a debt-to-equity ratio of 196.88. The business’s fifty day moving average is C$4.89 and its two-hundred day moving average is C$5.71. CanWel Building Materials Group has a one year low of C$6.01 and a one year high of C$10.83. The stock has a market cap of C$575.20 million and a PE ratio of 3.91.
CanWel Building Materials Group Company Profile
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and wraps; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing products; treated wood; siding and trim products; and security products, as well as forms and reinforcement products.
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